Special Hagmann & Hagmann Tonight: Steve Quayle & “V,” The Guerrilla Economist: This dragon blows fire, not bubbles
Wednesday, 26 June 2013
Watching the continued precious metals takedown through the night has caused one major catalyst in this game of chicken. China keeps laughing and buying more gold and silver. [click on article title to continue reading and access all audio streams]
Many pundits have been claiming that Chinese have bubbles in their credit market, a real estate bubble, look it does not matter. The Chinese understood that they in order to compete with the Americans had to themselves create bubbles as it is by-product of a Keynesian central bank controlled economic model. The kicker in this is that the Chinese can afford to have all the bubbles that they have created pop. While we can NOT!!! Thanks to China’s “Shadow Banking” sector and their feverish stockpiling of precious metals, strategic metals, and rare earth minerals. They are well insulated from any crash, in fact any crash will be a temporary. While our demise is sealed in stone.